Tuesday, January 24, 2012

Trader Update -data point 24 January 2011-

...the SPX 500 continues on its path to fresh multi-month Highs with a 23 January 2012 High *1322.28 - new advances however appear laboured and lead-footed as market internals remain high in overbought territory - today's Trin showed a very tame bullish *0.91
...the VIX indeed chopped all the way down to a new Low *18.28 definitely below the bullish inspired *19.63 level, but real bullish rips are non-excistent - the strong stocks and FTL(follow the leader/very strong)-stocks remain stubbornly below zero in negative territory and below support, while the very weak stocks are trending up
...the DXYO bounced off its 50-dsma - mildly-
...the New Highs index remains negative divergent - short term money flows at extreme levels - institutional shift of direction remains negative divergent - institutional selling starting to develop a positive divergent to the NYA-index

...as a result, 75% fully invested portfolio protection in place *1301
Kind Regards

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